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Originally Posted by SleazyDream
to be honest that's just a way to justify the money being an asset but in reality you'll dump it into another house and most likly won't profit from it.
think like this - if the value goes up - to get another place that keeps you in the same status - you have to spend just as much - so there really isn't any asset value to it unless you want to LOWER your standard of living and that just sets you back - mentally and socially.
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You can think like that about anything you buy that gain value too... what is an asset then ?